BUSINESS ADMINISTRATION
ACCOUNTING FOR MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Management accounting
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is more concerned with the future than is financial accounting.
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is less concerned with segments of a company than is financial accounting.
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is more constrained by rules and regulations than is financial accounting.
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all of the above are true.
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Explanation:
Detailed explanation-1: -The management accounting information mainly emphasizes on plans and policies in relation to future course of action. So, it is primarily future oriented.
Detailed explanation-2: -Ans: a) Management accounting is mainly concerned with future. 17. Which statement is prepared in the process of funds flow analysis?
Detailed explanation-3: -Even though financial accounting is of great importance to current and potential investors, management accounting is necessary for managers to make current and future financial decisions for their business.
Detailed explanation-4: -Financial accounting is most concerned with addressing the needs of individual departments of the firm.
There is 1 question to complete.